Bannari Amman Sugars Limited — Important, 17-03-2025: Updates

The company’s Sugar Unit-V at Vengur Village has received a demand notice from Tamil Nadu Power Distribution Corporation Limited (TNPDCL) for ₹8.69 crore. This amount comprises ₹3.24 crore related to the balance 50% of tariff and ₹5.44 crore in interest for start-up powers provided by TANGEDCO between October 2013 and July 2017. The company is currently reviewing the calculations involved and is considering appealing to higher authorities or filing writ petitions on this matter. Given the significant sum involved, there's a potential risk to financial performance, but the company remains proactive in addressing the situation. Investors should monitor this development closely for insights into its possible impact on the firm's financials.